Proven Leadership, Trusted Experience

Robert Watson, Jr. — Chief Executive Officer, Director

Robert Watson, Jr. co-founded Black Sable Energy, LLC approximately 3 years ago and served as its Chief Executive Officer. During his tenure at Black Sable, Mr. Watson was responsible for the company’s acquisition and development of two grassroots oil projects in South Texas, both of which were partnered with larger oil and gas companies on a promoted basis. Prior to founding Black Sable, he was a Senior Associate at American Capital, Ltd., a publicly traded private equity firm and global asset manager with $18 billion in assets under management. Mr. Watson began his career in the Energy Investment Banking Group at CIBC World Markets and subsequently founded and served as the Managing Partner of Centerra Energy Partners.

Douglas Wright — Chief Financial Officer

Douglas Wright served as the Corporate Controller and Chief Accounting Officer of Nations Petroleum from 2006 until he joined EnerJex in 2012. Prior to his employment with Nations, Mr. Wright was a Manager of Financial Reporting for Noble Energy, Inc. (NYSE: NBL) where he was responsible for SEC reporting associated with its $3.4 billion acquisition of Patina Oil & Gas Corp. Mr. Wright also served in various managerial roles from 1986 to 1996 at Oryx Energy Co., which was purchased by Kerr McGee Corp. for $3.1 billion. Mr. Wright began his career at Deloitte & Touche where he served as a manager from 1977 to 1986 and was the firm’s designated energy specialist.

David Kunovic — Executive Vice President of Exploration

David Kunovic joined EnerJex in 2013 through its merger with Black Raven Energy where he managed all phases of geologic and geophysical exploration and development activity. Mr. Kunovic has over 34 years of experience as an exploration geologist focused on the Denver-Julesburg (“DJ”) Basin, including 11 years as President of Kachina Energy where he managed geologic and geophysical projects for several independent oil companies. He has also held exploration management positions at Canyon Energy, Petroleum Incorporated, Newport Exploration, and Apache Corporation.

Kent Roach — Executive Vice President of Engineering

Kent Roach brings 25 years of engineering experience to EnerJex including previous roles at Occidental Petroleum Corporation, Exxon Mobil Corporation, Newfield Exploration Company, and Encore Acquisition Company, which was acquired by Denbury Resources. Mr. Roach is a diverse reservoir engineer with extensive qualifications in identifying and assessing production and reserve growth opportunities. In addition, he has a strong background in preparing geologic based fit-for-purpose capital efficient development programs that leverage modern technologies. His strengths include reservoir simulation, enhanced oil recovery, unconventional resource assessment, asset development planning, reserve engineering, and geologic modeling. Prior to joining EnerJex, his most recent work was focused on the horizontal Wolfcamp play in West Texas and the Zubair Field in Southern Iraq, one of the largest oil fields in the world.

James Miller — Director

James Miller retired in 2002 after serving as the Chief Executive Officer of Utilicorp United, Inc.’s business unit responsible for the company’s electricity generation and electric and natural gas transmission and distribution businesses which served 1.3 million customers in seven mid-continent states. Utilicorp traded on the New York Stock Exchange and the company was renamed Aquila in 2002. In 2007 its electricity assets in northwest Missouri were acquired by Great Plains Energy, Inc. (NYSE: GXP) for $1.7 billion and its natural gas properties and other assets were acquired by Black Hills Corporation (NYSE: BKH) for $940 million. Mr. Miller joined Utilicorp in 1989 through its acquisition of Michigan Gas Utilities, for which he served as the president from 1983 to 1991. Mr. Miller currently serves as Vice Chairman of The Nature Conservancy, Missouri Chapter, for which he has been a Board member for the past 10 years.

Lance Helfert — Director

Lance Helfert is the President and a co-founder of West Coast Asset Management, Inc., a registered investment advisor with approximately $200 million in assets under management. Prior to founding West Coast Asset Management, he oversaw a $1 billion portfolio at Wilshire Associates and was involved in a full range of financial strategies at M.L. Stern & Co. Mr. Helfert is a co-author of The Entrepreneurial Investor, a multi-national book published by John Wiley & Sons, and he has been a featured speaker at the Value Investing Congress in New York and California. Mr. Helfert has also served on the board of directors for Junior Achievement of Southern California and the Tri-Counties Make-A-Wish Foundation.

Richard Menchaca — Director

Richard Menchaca has over 20 years of experience in the commercial banking and energy industries. He is currently the President and Chief Executive Officer of Petroflow Energy, an oil and gas exploration and production company based in Tulsa, Oklahoma. Mr. Menchaca has been a founder and principal of several privately owned oil and gas companies. He was also one of the founding members of the Oil and Gas Banking Group at Guaranty Bank, which made over $900 million of loans to the oil and gas industry and became the bank’s most profitable lending group in less than 18 months.